India gears up for cars

Mumbai-based Larsen & Toubro (L&T) is teaming up with the Antwerp Port Authority (APA) to build an automobile export terminal at a yet to be named location on India’s west coast.

L&T and APA plan to build a greenfield port spread over 1,600 hectares at an estimated cost of Rs20B (US$40M). L&T will hold a majority stake in the new venture, with APA holding 26% and the remaining shares going to investment bank Infrastructure Leasing & Financial Services. The terminal’s operations will be outsourced under a revenue-sharing arrangement....

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This complete item is approximately 300 words in length, and appeared in the December 2008 issue of WorldCargo News, on page 10.

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